Artemis Electricals & Projects Reports Decline in Performance for Q1 FY25

Artemis Electricals & Projects, a microcap company in the electric equipment industry, has recently declared its financial results for the quarter ending March 2024. The results, announced on August 14, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.

According to the financials, the company has seen a significant decline in its performance, with a score of -21 compared to 9 in the previous quarter. This downward trend can be attributed to several factors.

One of the major concerns is the company’s Profit After Tax (PAT), which has shown a decline of -82.64% year on year. The near-term trend for PAT is also negative. Similarly, the Profit Before Tax less Other Income (PBT) has fallen by -85.8% compared to the average of the previous four quarters. This indicates a negative trend in the near future.

The company’s net sales have also taken a hit, with a decline of -68.24% year on year. This is a cause for concern as the near-term sales trend is also negative. Additionally, the Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, indicating a negative trend in the near term.

The company’s efficiency has also deteriorated, with the Operating Profit Margin at its lowest in the last five quarters. The PBT, which is a key indicator of a company’s financial health, is also at its lowest in the last five quarters.

Furthermore, the company’s Earnings per Share (EPS) have also shown a decline, with the lowest value of Rs 0.02 in the last five quarters. This indicates a declining profitability and lower earnings for shareholders.

In conclusion, the financial results for the quarter ending March 2024 have not been favorable for Artemis Electricals & Projects. The company’s performance has seen a significant decline, and the near-term trends are also negative. Investors should carefully consider these factors before making any investment decisions.